ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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The Global Crisis and Systemic Risks: Matching Sources with Correctives

Using the literature of pollution control and extending the idea of a Tobin tax, this essay argues that as far as unwanted excessive leverage by financial institutions is concerned, a leverage tax could be thought of. As far as complex financial products are concerned, the solution perhaps lies in transparency and a process of simplification of the products. In handling misrepresentation/fraud, regulatory oversight of products or establishment of effective customer protection agencies could be thought of.



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